J.C. Penney’s Turnaround Is No Match for Covid-19 [Yahoo! Finance News]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
ir.jcpenney.com
Company Research
Source: Yahoo! Finance News
Opinion) -- There is a sad inevitability about U.S. department store J.C. Penney potentially exploring bankruptcy protection. The 118-year-old retailer has enough cash to survive the coming months, but it is looking into a possible bankruptcy filing to restructure its finances, Reuters reported late Tuesday, citing people familiar with the talks.U.S. department stores are highly exposed to the unprecedented shutdown brought on by the coronavirus pandemic. With a quarter of a million shops closed across America, never before has consumerism been so constrained.But J.C. Penney was struggling even before the outbreak of Covid-19. Department stores are becoming increasingly irrelevant in the face of online shopping. Once they were a one-stop shop for everything from clothing to cosmetics and cushions. Now Amazon is the go-to destination for everyday needs. That has left many brick-and-mortar retailers with too much space, and what they have is often unsuited to modern shopping.J.C. Penney
Show less
Read more
Impact Snapshot
Event Time:
JCP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JCP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JCP alerts
High impacting JC PENNEY news events
Weekly update
A roundup of the hottest topics